What if? Just asking opinion - page 3.

Gotottack

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Quote from: Xester on February 22, 2017, 09:05:04 AM

Quote from: Zadicar on February 22, 2017, 08:06:05 AM

Quote from: freedomgo on February 22, 2017, 02:21:42 AM

Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

Most likely, technology will become worthless when world war will take place. People will only need the basic necessities to live and worst to survive, food and shelter is necessary and even gold and fiat will become worthless if the situation gets worsen.

It would really be worthless since people wont mind regarding on those assets because it cant be used when ww3 would happen and you are right we would surely seek on the most important thing in able to survive which is food and shelter and for sure we wont mind on those things anymore.

I agree with you that the most important thing during a world war is safety kits, survival kits, food, shelter and weapons to protect ourselves. If all countries in the world will join the war then currency will lost its value. After all life and survival is most important than economics. The only way to make currency retain its value is to avoid a world war at any cost.

Let's also mention that when a world war happens for sure most currencies will turn to shit and no one would trade money for whatever goods they are holding. Everything will shutdown and nothing in the world will be stable. Especially, this will affect those countries that are part of the conflict, the true warring countries or nations.

Xester

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Quote from: Zadicar on February 22, 2017, 08:06:05 AM

Quote from: freedomgo on February 22, 2017, 02:21:42 AM

Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

Most likely, technology will become worthless when world war will take place. People will only need the basic necessities to live and worst to survive, food and shelter is necessary and even gold and fiat will become worthless if the situation gets worsen.

It would really be worthless since people wont mind regarding on those assets because it cant be used when ww3 would happen and you are right we would surely seek on the most important thing in able to survive which is food and shelter and for sure we wont mind on those things anymore.

I agree with you that the most important thing during a world war is safety kits, survival kits, food, shelter and weapons to protect ourselves. If all countries in the world will join the war then currency will lost its value. After all life and survival is most important than economics. The only way to make currency retain its value is to avoid a world war at any cost.

Zadicar

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Quote from: freedomgo on February 22, 2017, 02:21:42 AM

Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

Most likely, technology will become worthless when world war will take place. People will only need the basic necessities to live and worst to survive, food and shelter is necessary and even gold and fiat will become worthless if the situation gets worsen.

It would really be worthless since people wont mind regarding on those assets because it cant be used when ww3 would happen and you are right we would surely seek on the most important thing in able to survive which is food and shelter and for sure we wont mind on those things anymore.

Hydrogen

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If russia and the united states went to war, I think the world economy would bankrupt itself.

Waging war in the middle east has inflicted trillions of dollars of damage to the economies of many nations with no tangible positive returns to show for the funds and unfortunate lives expended.

A larger war with russia would likely be orders of magnitude worse for everyone.

War is too expensive. Its not cost effective. There is nothing to be gained from it.

I don't know if the internet being destroyed would stop cryptocurrencies.

Bitcoin could operate on tablets, cell phones and portable devices via satellite communications if the main internet went down.

War seems like a bad prospect. It is confusing why anyone pursues it.

freedomgo

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Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

Most likely, technology will become worthless when world war will take place. People will only need the basic necessities to live and worst to survive, food and shelter is necessary and even gold and fiat will become worthless if the situation gets worsen.

megynacuna

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Everything comes to a stand still when there's a war so that wouldn't be different if a Third World War was to broke out. Bitcoin will suffer in such a circumstance just like any other thing or systems in place.

ufaiz50

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Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

I hope no world war 3, maybe if there was a world war 3 bitcoin will fall fiat prices going up in a war of money that can buy everything power, protection, etc. and bitcoin or cryptocurrency probably not worthwhile because we need the internet and possibly satellite will be destroyed to avoid spies then no internet connection

Erza

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Quote from: Schuyler on February 21, 2017, 11:39:21 AM

Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

Bitcoin will be the last thing on my mind if my country is involved in a World War III. I would first think about the welfare of my family and worry about my investments later.Bitcoin would almost be useless in case there are no electricity and internet connection.

Yeah you should take care of your family too before it is too late but still beside saving them you can try to withdrae everything and sell everything when electricity and internet is still on. And may be you can say this because you only invested a little bit amount of bitcoin here. How about if there are some people that got 100 btc here, how can they suppose to let it go just like that?

Omega Weapon

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Quote from: OmegaStarScream on February 18, 2017, 03:05:34 AM

Even though I'm holding a small amount of bitcoins and I trust cryptocurrencies , I can't say that bitcoins will be used after WWIII , the same scenario will happen like the other wars , gold will simply be the only thing that worth anything. I found it impossible for gold and silver to lose value , It's the only thing that has been used for thousands and thousands of years and still being used right now.

But you are assuming a civilization still exists, if a world war 3 happen then it is very likely that nuclear weapons will be used and will destroy our way of life as we know it and in that moment almost everything we take for granted will be taken away from us.

Schuyler

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Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

Bitcoin will be the last thing on my mind if my country is involved in a World War III. I would first think about the welfare of my family and worry about my investments later.Bitcoin would almost be useless in case there are no electricity and internet connection.

whizter

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Quote from: target on February 19, 2017, 04:21:25 PM

There will be no war that will happen. With just one bomb going off, a country will be eased in an instant. I don't anything will be valuable if you live except the food and water which are the immediate need of the people. Its definitely not easy to live when you are dependent to internet already like the rest of us here but you'd rather eat and drink something than keeping your bitcoin.

i think as soon as time pass our agricultural technology is also improving which is completing the need of the growing population. similarly in science and technology we are also improving and beside electricity and fuel scientists are finding other ways of resources so we at at least save tell next century.

Vaccinus

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Quote from: syndria on February 19, 2017, 07:40:55 PM

Bitcoin uses electricity to make transactions so you answered your question there no power no bitcoin.

everything that have something to do with money generate electricity nowadays, the banks or the governements needs electricity to run ATM, need electricity to print money, and for all the other things that you see in real life, so how is bitcoin more at danger if the electricity will be cut?

Barbut

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Quote from: syndria on February 19, 2017, 07:40:55 PM

Bitcoin uses electricity to make transactions so you answered your question there no power no bitcoin.

Now days power is literally everywhere around us. Even if someone, somehow shut down entire system nothing will be lost, everything will be kept on hard drives, and after plugin in again everything will be restored and value can increase. No power just means you can`t transfer bitcoins, but no power doesn`t mean there is no bitcoins, they don`t depend from electricity.

Quote from: hellowarda on February 19, 2017, 11:32:11 PM

The third world war? If the outbreak really, I think this time you should not be worried about bitcoin prices down, you should worry about their own lives. When people began to consider the life safety, bitcoin will probably not worth a hair.

Exactly my point, in the war times people think about their lives, but there is always war profiteers, they will go from house to house and they will take everything worth they find, I know that I have lived in war more then 7 years.

BitcoinPC

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Quote from: hellowarda on February 19, 2017, 11:32:11 PM

Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

The third world war? If the outbreak really, I think this time you should not be worried about bitcoin prices down, you should worry about their own lives. When people began to consider the life safety, bitcoin will probably not worth a hair.

Exactly, this thing will not affect bitcoin but then world war III willl totally affect the real economy.
And so when world war III happen price will not be affected but then there will be bomb there and every where so
the most affected is the electric thing which we need in every transactions we make.

upsidedown75

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Quote from: icecube45 on February 20, 2017, 12:21:46 AM

Quote from: hellowarda on February 19, 2017, 11:32:11 PM

Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

The third world war? If the outbreak really, I think this time you should not be worried about bitcoin prices down, you should worry about their own lives. When people began to consider the life safety, bitcoin will probably not worth a hair.

Yes, in the world war III I think crypto will not be affected overall so that the price down drastically because the crypto price is not affected by situation or politics in a country. But World War III will have an impact on a country's economy becomes worse because losses resulting from the war, and internet access will be impaired. Maybe the economic crisis will happen again, so we had to worry about our lives.

How do you believe that entire human race will not get affected from nuclear weapons. I'm not seeing any possibility for that. I'm sure another world of our will be the end of human in planet Earth. So there will be no human, no country, no economy and hence no bitcoins.

A world war without nuclear weapons will give different scenario like economic crisis may boost bitcoin value appreciations.

Omega Weapon

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Quote from: Mometaskers on February 18, 2017, 06:33:52 PM

Quote from: Omega Weapon on February 18, 2017, 05:35:09 PM

Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

If world war 3 happened we will go back to a bartering system, dollars will be useless, and the same can be said about gold and bitcoin, after some time maybe gold will make a comeback but right after the war the most important things will be food, weapons, ammo, alcohol, drugs and stuff like that.

This reminds me I should be stocking up honey, vodka and silver.

Back to topic, bitcoin could still be useful, even rise in price, in areas that are not yet affected by the war. Should an area enter the conflict though, it can no longer be assured. Bitcoin would be the last on people's minds and even having electricity and internet might not be enough. You can bring your bitcoins with you though when you flee your country, so that's good.

The biggest question of course would be, would there be humans left to use bitcoins? Just a nuclear war between India and Pakistan could already lead to severe changes to the climate, just imagine bombs from the other nuclear armed nations coming off.

While the internet was originally conceived to resist a nuclear holocaust we need to think with common sense, if you offer me a bitcoin for a can of tuna, is that a good trade? Even if bitcoin eventually made a come back, may be I will nor survive long enough to see it, so it is better to keep the tuna.

icecube45

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Quote from: hellowarda on February 19, 2017, 11:32:11 PM

Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

The third world war? If the outbreak really, I think this time you should not be worried about bitcoin prices down, you should worry about their own lives. When people began to consider the life safety, bitcoin will probably not worth a hair.

Yes, in the world war III I think crypto will not be affected overall so that the price down drastically because the crypto price is not affected by situation or politics in a country. But World War III will have an impact on a country's economy becomes worse because losses resulting from the war, and internet access will be impaired. Maybe the economic crisis will happen again, so we had to worry about our lives.

hellowarda

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Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

The third world war? If the outbreak really, I think this time you should not be worried about bitcoin prices down, you should worry about their own lives. When people began to consider the life safety, bitcoin will probably not worth a hair.

error08

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Quote from: The Sceptical Chymist on February 17, 2017, 02:39:16 PM

Quote from: Shafay on February 17, 2017, 02:36:20 PM

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens

You kind of answered your own question there. If anything collapsed the power grid, bitcoin would be worthless. Precious metals would be the go-to asset, with guns and food. But would a war cause that worldwide? Probably not.

Nope, bitcoin won't fail at all as people can't withdraw theirs without internet connection, electricity or exchanges to do so.
I don't think store your wealth on gold in world war 3 is a wise move as people could going crazy hunt for 'the precious one', carrying cash will be better in my opinion. But bitcoin price won't fall too far, just $100-300 drop maybe.
Yes, guns and food will be the most important things to survive, so better to buy a Land far away from nearest city, and prepare food and all of major things to survive.

syndria

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Bitcoin uses electricity to make transactions so you answered your question there no power no bitcoin.

Topic: What if? Just asking opinion - page 3. (Read 3480 times)